NewtekOne
Digital-only bank paired with SBA lending, payments, payroll, insurance, and technology for small businesses.
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Profile
Grew from a 1998 tax-credit financing vehicle into a diversified small-business platform, then converted into a Federal Reserve-regulated bank holding company in 2023 by acquiring a New York bank. The group now pairs a digital-only bank with SBA lending, payments, payroll, insurance, and technology services for independent business owners nationwide.
Began in 1998 as a New York tax-credit financing vehicle, then built a small-business services group before converting into a Federal Reserve-regulated bank holding company in 2023 by acquiring a decades-old New York bank. The business now pairs a digital-only, branchless bank with SBA lending, merchant payment processing, payroll, insurance brokerage, and technology services under one brand.
Roughly eighty thousand independent business owners across the United States are served, drawn mainly through the lending and payments lines. SBA 7(a) loans, once originated through a non-bank affiliate ranked among the largest SBA lenders nationally, now originate directly on the bank's balance sheet.
The bank conversion shifted oversight from securities regulators to the Federal Reserve, the OCC, and the FDIC, while runoff of the pre-conversion SBA loan book continues to weigh on results.
Company facts
Categories
Key statistics
Year to date +4.1% · Average volume (30d) 256.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Feb 9, 2026 | Piper Sandler | Reiterate | Neutral | $13 | $14 | |
| Jan 9, 2026 | Piper Sandler | Reiterate | Neutral | $15 | $13 | |
| Sep 4, 2024 | B. Riley Securities | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.47 | $0.47 | 0.0% | $75.0M | $75.1M | +0.1% | −9.50% |
| Apr 30, 2026Q1 FY26 | $0.43 | $0.43 | 0.0% | $75.8M | $71.0M | −6.3% | +1.16% |
| Jan 29, 2026Q4 FY25 | $0.65 | $0.65 | 0.0% | $80.0M | $73.3M | −8.3% | −5.73% |
| Oct 29, 2025Q3 FY25 | $0.63 | $0.67 | +6.3% | $80.0M | $95.1M | +18.8% | −3.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $85.8M | $88.4M | $95.1M | $75.2M | $73.3M | $95.2M | |
| Gross profit | $48.4M | $56.7M | $62.8M | $54.5M | $60.0M | $82.6M | |
| Operating income | $11.6M | $18.8M | $25.1M | $40.1M | $46.1M | $50.5M | |
| Net income | $9.4M | $13.7M | $17.9M | $19.5M | $13.4M | $14.6M | |
| Diluted EPS | $0.35 | $0.52 | $0.70 | $0.76 | $0.43 | $0.47 | |
| Gross margin | 56.4% | 64.1% | 66.1% | 72.5% | 81.9% | 86.8% | |
| Operating margin | 13.6% | 21.2% | 26.4% | 53.4% | 62.9% | 53.0% |
Fiscal years (4-quarter sums)FY21 $168.3M · FY22 $131.5M · FY23 $248.4M · FY24 $318.9M · FY25 $344.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $395.0M · Total debt $2.71B · Total assets $3.18B · Shareholders' equity $413.4M
Dividends
Raised for 2 straight years — most recently to $0.19 from $0.18 in Mar 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 24, 2026 | Jun 24 | Jul 1 | $0.19 | |
| Mar 24, 2026 | Mar 24 | Apr 1 | $0.19 | |
| Dec 22, 2025 | Dec 22 | Jan 2 | $0.19 | |
| Oct 14, 2025 | Oct 14 | Oct 24 | $0.19 | |
| Jul 9, 2025 | Jul 9 | Jul 21 | $0.19 | |
| Apr 15, 2025 | Apr 15 | Apr 30 | $0.19 | |
| Dec 31, 2024 | Dec 31 | Jan 13 | $0.19 | |
| Oct 10, 2024 | Oct 10 | Oct 21 | $0.19 |
Ownership
Shares outstanding 28.89M · Float 25.02M · 86.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.53M | 8.75% | 13F | Aug 7, 2026 |
| Patriot Financial Partners GP Ii, L.P. | 2.31M | 7.99% | 13F | Aug 13, 2026 |
| Barry Sloane · director, officer: President, Chairman & CEO | 1.18M | 4.09% | Form 4 | Jun 16, 2026 |
| Vanguard Capital Management LLC | 1.12M | 3.87% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 1.10M | 3.79% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Barry Sloane | director, officer: President, Chairman & CEO | +11,000 | $14.21 |
| Jun 15, 2026 | Frank M. DeMaria | officer: Cheif Financial Officer | +500 | $13.92 |
| Jun 3, 2026 | Craig Jeffry Brunet | director | +1,000 | $12.70 |
| May 26, 2026 | Peter Mathison Downs | director, officer: President, Newtek Bank | +737 | $13.56 |
| May 15, 2026 | Craig Jeffry Brunet | director | +330 | $12.72 |
Peers
- Live Oak Bancshares
Branchless digital bank and top SBA 7(a) lender rivaling Newtek Bank's model
- Intuit
Bundles SMB payments and payroll software; filing-named competitor
- Byline Bancorp
Chicago community bank; consistent top-10 national SBA 7(a) lender
- Global Payments
Pure-play merchant acquirer with dedicated SMB channel and ISO network
- Shift4 Payments
Integrated payments and POS software for SMB restaurants and hospitality
- Priority Technology
SMB merchant acquirer and embedded-finance platform in payments
- Paychex
Leading payroll/HCM provider serving ~745,000 small and mid-size US businesses
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NewtekOne | $11.92 | +0.17% | $344.1M | 5.0 | 5.3 | 1.0 | −15.0% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| Intuit | $358.02 | +0.02% | $97.94B | 21.7 | 13.4 | 4.6 | +13.7% |
| Byline Bancorp | $38.30 | −0.10% | $1.74B | 11.6 | 11.6 | 2.7 | +7.4% |
| Global Payments | $91.82 | +0.02% | $22.79B | — | 6.2 | 2.2 | +61.5% |
| Shift4 Payments | $44.50 | +1.23% | $4.00B | 75.2 | 6.6 | 0.8 | −35.4% |
| Priority Technology | $5.38 | −0.09% | $443.1M | 7.9 | 5.3 | 0.4 | +9.4% |
| Paychex | $127.04 | +0.02% | $45.19B | 26.0 | 21.3 | 6.9 | +12.5% |
| Median | 17.9 | 11.1 | 2.2 | +10.0% |